14th Saudi Green Building Forum to be Held in Riyadh on October

The flag of Saudi Arabia. Asharq Al-Awsat
The flag of Saudi Arabia. Asharq Al-Awsat
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14th Saudi Green Building Forum to be Held in Riyadh on October

The flag of Saudi Arabia. Asharq Al-Awsat
The flag of Saudi Arabia. Asharq Al-Awsat

The 14th Saudi Green Building Forum will be held in Riyadh from October 6 to 8 under the patronage of Minister of Municipalities and Housing Majed Al-Hogail.
The event will focus on the optimal operation of cities, consistent with green building standards, shed light on the localization of sustainable development goals in cities, neighborhoods and buildings, and present the endeavors of relevant stakeholders in the green building sector.
Local and international experts, specialists and investors in human- and environment-friendly services and products will attend the event, SPA reported.

Various relevant authorities are striving to improve building standards and implement crucial programs aimed at reducing carbon emissions from buildings, neighborhoods, and cities, and to integrate civic initiatives and partnerships in the planning, implementation, and recycling of building waste, to guarantee the high-quality execution of projects geared toward achieving net-zero emissions.
Secretary-General of the forum Faisal Alfadl said that this edition aims to facilitate consultations on best practices by engaging experts and companies specializing in green building tools and construction techniques.
The forum serves as a vital platform for dialogue, collaboration and innovation, driving the Kingdom's ambitious sustainability agenda forward, and shaping the future of green building and urban development in the region.
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Real Estate Market Creates Positive Momentum in Saudi Market

Real estate in Makkah, western Saudi Arabia (SPA)
Real estate in Makkah, western Saudi Arabia (SPA)
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Real Estate Market Creates Positive Momentum in Saudi Market

Real estate in Makkah, western Saudi Arabia (SPA)
Real estate in Makkah, western Saudi Arabia (SPA)

In its first year, the Saudi real estate exchange recorded approximately 619,000 real estate transactions valued at over $273 billion (SAR 1.025 trillion), covering a total area of more than 5.4 billion square meters. Around 2.1 million beneficiaries have taken advantage of these transactions, according to the Saudi Ministry of Justice.

Real estate experts told Asharq Al-Awsat that the real estate exchange has had a positive impact on the behavior of all market participants.

The market has allowed buyers and investors to make purchase decisions with greater confidence, security, and speed. The exchange has also played a key role in simplifying and streamlining real estate procedures and enhancing transparency, which constituted major challenges in the past.

The experts recommended further steps to boost its effectiveness, including providing detailed and specialized real estate indicators, offering accurate analytical reports on market trends throughout the year, expanding property evaluations to cover all regions of the Kingdom, and leveraging artificial intelligence technologies to analyze real estate data.

Real Estate Expert Eng. Ahmed Al-Faqih told Asharq Al-Awsat that the real estate exchange has created a positive shift and significant impact on the behavior of all market participants, including sellers, buyers, investors, regulators, and market observers. He noted that the platform is characterized by transparency and governance, and its launch coincided with the digital transformation taking place in Saudi Arabia.

Regarding the additional services proposed for the market, Al-Faqih said he believes it lacks detailed and specialized real estate indicators. He also noted that the platform still needs property classifications for certain types of real estate and improvements in search filters to provide more precise results.

For his part, Real estate expert Saqr Al-Zahrani told Asharq Al-Awsat that the real estate exchange has brought a significant transformation in the management of real estate during its first year of operation.

It has had a clear positive impact on the market by streamlining procedures and enhancing transparency, he underlined, noting that the exchange has allowed both buyers and investors to make decisions with greater confidence.

Al-Zahrani suggested enhancing the exchange by adding more services, including providing detailed analytical reports on market trends throughout the year. He also recommended expanding property evaluations to cover all regions of the Kingdom more comprehensively and accurately.